In view of analysts at Danske Bank, USD looks set to stay under pressure very near term with yesterday’s Fed speakers and minutes cementing ‘Fed flexibility’, not least if trade talks progress further.
“Fed-induced USD strength seems to be drawing to a close, but we are likely to need a more confident ECB before EUR/USD can break firmly out of autumn ranges on the upside. The ECB minutes today may not enlighten us much further here.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.